Are you feeling the itch to jump into the world of real estate investment, eager to reap the rewards of property ownership? Hold your horses, aspiring investor! While the allure of real estate is undeniable, it's essential to pause and assess your readiness before taking the leap. Real estate investment requires careful consideration, financial preparedness, and a solid understanding of the market. In this blog post, we'll explore the telltale signs that indicate you might not be ready to embark on your real estate journey. By identifying these signs and addressing them head-on, you can guarantee a more seamless and prosperous transition into the realm of real estate investment. So, take a moment to catch your breath, because we're about to uncover the signs that suggest it's not yet time to invest in real estate.

Lack of financial preparation

In the realm of real estate investment, financial preparedness is the cornerstone of success. Before diving headfirst into property ownership, it's crucial to ensure you're on solid financial footing. Lack of financial preparation can quickly derail your investment dreams, leaving you vulnerable to potential pitfalls. In this section, we'll delve into the various aspects of financial readiness that aspiring investors should consider. From insufficient savings and overwhelming debts to limited income sources and unexpected expenses, we'll explore the signs that indicate you may not be quite prepared to take that leap into real estate investment.

Insufficient Savings and Overwhelming Debts

When it comes to real estate investment, having a solid financial foundation is paramount. Unfortunately, one of the most common signs of unreadiness to invest in real estate is insufficient savings. Many aspiring investors find themselves lacking the necessary funds to make a substantial down payment on a property, resulting in limited options and missed opportunities. Insufficient savings can hinder your ability to secure favorable financing terms, potentially leading to higher interest rates or loan requirements that strain your financial resources.

One of the primary reasons for insufficient savings is often overwhelming debts. If a significant portion of your income is tied up in debt repayments, it becomes challenging to allocate funds towards saving for a real estate investment. High levels of personal debt, such as credit card debt, student loans, or auto loans, can drain your financial resources and leave little room for savings. This not only limits your ability to accumulate a substantial down payment but also raises concerns for lenders, who may view your debt-to-income ratio unfavorably, impacting your eligibility for a mortgage loan.

Lack of Income Sources

A crucial aspect of real estate investment readiness is having stable and sufficient income sources to support your investment endeavors. If you find yourself without reliable streams of income, whether due to unemployment, inconsistent freelance work, or limited earning potential, it can significantly hinder your ability to invest in real estate. Without a steady cash flow, it becomes challenging to meet financial obligations, such as mortgage payments, property maintenance costs, or unexpected expenses that may arise with property ownership. Lack of income sources not only impacts your immediate ability to finance a real estate investment but also raises concerns about your long-term financial stability. It is essential to assess your income sources and explore ways to bolster them before venturing into real estate investment, ensuring that you have a solid financial foundation to support your investment journey.

Inability to handle unexpected expenses

Real estate investment comes with its fair share of unexpected expenses, ranging from emergency repairs to unforeseen vacancies. If you find yourself ill-prepared to handle these financial surprises, it may be a sign that you're not quite ready to invest in real estate. These unexpected expenses can strain your budget and put a dent in your cash reserves if you lack the financial cushion to absorb them. Property repairs, maintenance costs, legal fees, and tenant-related issues can arise at any time, requiring immediate attention and financial resources. If you are unable to handle these unexpected expenses without jeopardizing your financial stability or resorting to additional debt, it's crucial to reassess your readiness to invest in real estate. Developing a contingency plan and building an adequate emergency fund can provide the financial resilience needed to navigate the ups and downs of property ownership successfully.

Limited Knowledge and Research

Having a solid foundation of knowledge and conducting thorough research is vital for real estate investment success. If you find yourself lacking in these areas, it may indicate unreadiness to invest in real estate. Firstly, a lack of understanding about real estate markets and trends can lead to uninformed investment decisions, making it challenging to identify potential opportunities or assess risks accurately. Additionally, inadequate knowledge of financing options and terms can hinder your ability to secure favorable loans or navigate the complexities of mortgage financing.

Insufficient familiarity with local laws, regulations, and taxes can result in compliance issues, unexpected costs, or legal complications. Finally, failing to conduct thorough market analysis and property evaluations can lead to poor investment choices, overlooking crucial factors such as property value, rental demand, and potential growth. Developing a comprehensive understanding of the real estate landscape, financing options, local regulations, and market dynamics is essential before venturing into real estate investment, ensuring informed decision-making and setting the stage for a successful investment journey.

Lack of Time

Real estate investment requires not only financial resources but also a significant investment of time and commitment. If you find yourself unable to dedicate the necessary time and effort to property management, it may indicate a lack of readiness to invest in real estate. Property management involves various responsibilities, including tenant screening, rent collection, property maintenance, and handling tenant inquiries or issues. Failure to allocate sufficient time for these tasks can lead to inefficiencies, tenant dissatisfaction, and potential financial losses. Additionally, an insufficient understanding of property management best practices can further exacerbate these challenges.

Lack of Commitment

Furthermore, real estate investment is a long-term commitment, requiring patience and perseverance to achieve investment goals. If you find yourself lacking the willingness to commit to the long-term nature of real estate investment and the inevitable challenges that may arise, it may be an indication that you need to reassess your readiness to invest. Taking the time to evaluate your availability, willingness to learn about property management, and commitment to long-term investment goals is essential in determining your preparedness for real estate investment.

Emotional and Psychological Factors

Real estate investment is not solely driven by financial considerations; it also involves emotional and psychological factors that can impact an investor's readiness. If you find yourself struggling with emotional instability, fear of financial risks, inability to handle potential losses, or impatience for quick returns, it may suggest that you're not yet prepared to invest in real estate. Investing in properties requires a level-headed approach, the ability to withstand market fluctuations, and a long-term perspective. Fear and anxiety can cloud judgment and lead to hasty decisions or reluctance to take calculated risks.

Moreover, real estate is not a get-rich-quick scheme, and expecting instant returns without considering the long-term gains may lead to disappointment. It is crucial to assess your emotional and psychological readiness, develop a resilient mindset, and ensure you have the emotional stability to handle the challenges and uncertainties that come with real estate investment.

Lack of Clear or Solid Investment Plans

One of the key indicators of unreadiness to invest in real estate is the absence of a clear and solid investment plan. Without a well-defined roadmap, you may find yourself navigating the real estate market aimlessly and making impulsive decisions. A lack of clear investment objectives and strategies can lead to confusion, inconsistency, and potential financial setbacks. It is essential to identify your investment goals, whether it's long-term wealth accumulation, passive income generation, or portfolio diversification.

Additionally, failing to identify and assess potential risks and rewards can leave you vulnerable to unforeseen challenges. A solid investment plan should include thorough market research, property analysis, risk management strategies, and a well-defined exit strategy. By developing a clear and solid investment plan, you can establish a framework for decision-making, minimize uncertainties, and increase the likelihood of achieving your real estate investment goals.

Take your time, Slowly Save up, and Begin your Investment!

As you ride along the journey of real estate investment, it's crucial to recognize the signs that indicate you may not be quite ready to take the leap. Lack of financial preparation, limited knowledge, inadequate time commitment, emotional instability, and the absence of a solid investment plan are all red flags that require attention and action. However, don't be discouraged! By identifying these signs and proactively addressing them, you can set yourself up for future success. Take the time to strengthen your financial position, expand your knowledge, allocate sufficient time for property management, foster emotional resilience, and develop a clear investment plan. Remember, patience, education, and preparation are the keys to unlocking the potential of real estate investment. So, hold your horses for now, but with determination and dedication, you'll soon be prepared to embark on a fulfilling and prosperous real estate investment journey. Get ready to make your dreams of real estate ownership a reality!

Looking for a nice, profitable home or condo for investment? Let PropertyScout help make your real estate investment dreams a reality today!

Did you know that your home holds the key to financial security and abundance during your retirement years. Imagine unlocking the hidden wealth within your property, transforming it into a powerful tool that can provide you with the freedom and peace of mind you deserve. In this blog post, we delve into the fascinating realm of reverse mortgages, a game-changing financial solution specifically designed for retirees and the elderly. Join us as we explore how these unique mortgages empower you to leverage the equity in your home, opening doors to a world of opportunities and turning your home into a source of wealth. Get ready to discover the remarkable potential of reverse mortgages and embark on a journey towards a fulfilling and prosperous retirement.

What is Reverse Mortgage?

Reverse mortgage is when you pledge your home to a bank. It offers a unique twist: instead of making monthly payments to the bank, you pledge your home and the bank becomes the one paying you. It's as if the bank is buying your home while you enjoy a regular cash flow. This arrangement provides you with the financial flexibility to use the funds as needed, ensuring a comfortable retirement. However, it's important to understand that once the final payment is due, the ownership of the home transfers to the bank.

How Reverse Mortgage Works

The working principle of this type of loan is similar to gradually selling your home to the bank. The bank assesses the value of the home, along with the average life expectancy of the borrower, and then pays the borrower a monthly amount corresponding to the value of the home. The borrower retains ownership rights and can continue living in the home until they pass away or decide to sell the property. Once the agreed-upon term ends, the ownership of the home transfers to the bank, which can then sell it on the market.

However, the borrower or their heirs have the option to close the account or redeem the mortgage by repaying the principal, interest, and fees. If the borrower or beneficiary (in the event of the borrower's passing) chooses not to repay the debt and redeem the mortgage, the bank will sell the collateral.

If the selling price exceeds the outstanding loan balance, the bank will refund the excess amount to the borrower or beneficiary. If the market sale price is lower than the outstanding loan balance at the time of redemption, the bank will be responsible for the difference and associated expenses incurred during the process. rephrase this description for a blog post and keep the parts

Banks in Thailand that offer Reverse Mortgage

Government Savings Bank (GSB)

Government Savings Bank's Reverse Mortgage loans feature a maximum borrowing limit of 10 million baht. The following are the details regarding Government Savings Bank's Reverse Mortgage:

• Eligibility: The borrower must be a Thai national, aged 60 or above but not exceeding 80 years old, and should not have any disabilities or similar conditions.
• Joint Borrowing: Except for registered spouses, joint borrowing is not allowed. Spouses must meet the same eligibility criteria as the primary borrower, except for the age requirement, which starts from 55 years old but not exceeding 80 years old.
• Loan Amount: The loan amount includes the principal, interest, and other expenses such as fire insurance premiums, mortgage registration fees, and common area fees.
• Collateral: The collateral for the loan application should be land with buildings or condominium units, free of debt, and the ownership rights must belong to the borrower and/or the spouse.
• Loan Disbursement: The bank disburses the loan in monthly installments or pays an initial installment of 10% of the loan amount, followed by monthly installments.
• Maximum Loan Tenure: The maximum loan tenure is 25 years (loan tenure = 85 - borrower's age) or the age of the youngest borrower (in the case of joint borrowers).
• Withdrawal of Loan: The borrower can request a withdrawal of the loan amount for various expenses on the day of contract signing, such as mortgage registration fees and fire insurance premiums. The first installment of the loan must be selected as 10% of the loan amount.

The maximum loan amount provided is up to 10 million baht, subject to the following criteria:

In the case of land with buildings,

1. If the property is located within a land allocation project under the Land Allocation Act, the loan amount should not exceed 70% of the appraised value of the property.
2. If the property is not located within a land allocation project under the Land Allocation Act, the following conditions apply:
   • If the property is located in a special administrative organization (e.g., Bangkok, Pattaya) or a municipality, the loan amount should not exceed 70% of the appraised value of the property.
   • If the property is located outside the areas mentioned in 2.1, the loan amount should not exceed 60% of the appraised value of the property.

In the case of condominium units,

The loan amount should not exceed 60% of the appraised value of the property. This loan amount includes the principal, interest, and other expenses such as fire insurance premiums, mortgage registration fees, and common expenses.

Interest Rate:

Government Housing Bank (GH Bank)

Government Housing Bank also provides reverse mortgage loans to assist elderly individuals who own their residential properties and are free of mortgage burdens. They can mortgage their properties with the bank to receive monthly payments. The following are the details regarding GH Bank's reverse mortgage loans:

• Eligible borrowers are Thai nationals who are ordinary individuals, aged between 60 and 80 years, and have ownership rights to their residential properties without any mortgage burdens.
• They must not be incapable or quasi-incapable individuals.
• Joint borrowers are limited to legally married couples or siblings who share the same collateral. Maximum Loan Amount/Loan Duration:
• The maximum loan amount per collateral is up to 10 million baht.
• The loan duration must be a minimum of 6 months and a maximum of 25 years. The combined age of the borrower and the loan duration must not exceed 85 years.

Interest Rate:

• 6.25% per annum throughout the loan agreement period.
• Effective Interest Rate (EIR) for retail customers: 4.55% throughout the loan agreement period.

Enjoy your retirement!

In conclusion, reverse mortgages offer a valuable financial solution for retirees and the elderly, allowing them to tap into the wealth accumulated in their homes and enjoy a more comfortable retirement. These unique loans provide a source of steady income, enabling individuals to cover living expenses, pursue lifelong dreams, and maintain their independence. With the support of institutions like GSB or GH Bank, retirees and the elderly can confidently embrace this financial tool, knowing that they have options to enhance their quality of life. As we bid farewell to this blog post, we extend our heartfelt wishes to all retirees and the elderly, hoping that their golden years are filled with joy, fulfillment, and the fulfillment of their dreams. All the best in your retirement journey!

Looking for an ideal home or condo to settle down in? Let PropertyScout help you find your dream home today!

Join us today as PropertyScout takes you on a journey to discover the exquisite and luxurious condominiums at The Residences at Sindhorn Kempinski. This remarkable project seamlessly blends residential and hotel elements, promising a lifestyle of opulence and sophistication. Brace yourself for an enchanting experience as we delve into the captivating interiors. Let's embark on this adventure together!

Location

Discover the epitome of luxury living in the heart of Bangkok at The Residences at Sindhorn Kempinski. Situated near Sathorn and Wireless Road, this prestigious development offers stunning views of Lumpini Park. Indulge in the beauty of nature while enjoying an array of convenient amenities, including fine dining, luxury hotels, upscale shopping, and embassy access. With easy access to private transportation and proximity to the BTS Skytrain on Wireless Road, it caters to both car owners and public transit commuters.

Accessibility

By Car

Arriving at The Residences at Sindhorn Kempinski is a breeze with easy car access from multiple main roads, particularly Wireless Road. Follow the route by turning onto Sarasin Road and seamlessly enter the adjacent Soi Tonson.

Public Transportation

• BTS: Approximately 1km from Ratchadamri Station.
• Taxis and Motorcycles: Taxis and Motorcycle pickup services can be easily requested through all-in-one service apps such as Line Man or GRAB.

Amenities

Shopping & Market

Villa Market – Lang Suan, All Seasons Place

Restaurants and Cafes

Vaso – Spanish Tapas Bar, HOPPE Coffeehouse, Maison Saigon เมซง ไซ่ง่อน, Café Kitsuné Velaa, Bisou Bangkok – French Restaurant, Cloud i BKK, SexyCowBKK Prime Steak & Seafood, Misho, เสน่ห์จันทน์, ตำมี่ ยำมี่, Artur Restaurant, Sala Rossa, Chef Man (The Royal Place 2), Zuma Bangkok, VIU, Guilty Bangkok, Mocha and Muffins, D’oro Regent House Building, Mikka Lumpini Park, Khrua Nai Baan, The Smokin’ Pug, COASTIERA | Ristorante Italiano, Royal Osha, Neil’s Tavern Steak & Seafood, THE COFFEE CLUB – Wireless Road, Rain Tree Café, Polo Bowl (โปโล โบวล์) – ลุมพินี, ก๋วยเตี๋ยวโบราณ เฮียบ้วย (ซอยโปโล), Brooklyn Baker, Lyon

Pubs & Bars

POXY Bar, The Speakeasy Rooftop Bar,

Campuses

Suan Lumphini School, Pramahataisuksa School, Kids Kingdom Ruamrudee

Churches and Temples

Holy Redeemer Church – Bangkok, Focolare Movement in Thailand

Hospital

Police General Hospital

Fitness

Mynd Pilates, BangkoK, Transview Golf

Office Buildings

Sindhorn Tower, Golden Land Building, Kian Gwan House, 140 Wireless Building, GPF Witthayu Towers

Public Park

Lumphini Park

Co-Working Space

Sindhorn Village Site Office

Hotels

Sindhorn Kempinski Hotel Bangkok, Kimpton Maa-Lai Bangkok, Mayfair, Bangkok – Marriott Executive Apartments, Sindhorn Midtown Hotel Bangkok, Vignette Collection, Courtyard by Marriott Bangkok, Hotel Muse Bangkok Langsuan – MGallery, Dusit Suites Hotel Ratchadamri, Anantara Siam Bangkok Hotel, Oriental Residence Bangkok, Saffron Collection, Conrad Bangkok, Sukhothai Residence Ruamrudee, The Athenee Hotel, a Luxury Collection Hotel, Bangkok

Other

Embassy of the Netherlands, U.S. Ambassador's Residence, Embassy of the United States, Embassy of Vietnam

Police

Lumphini Police Station

Project Details

The Residences at Sindhorn Kempinski is a luxurious residential project located in the upscale Sathorn district and is part of the larger Sindhorn Village development. Developed by Siam Sindhorn, this expansive mixed-use project spans over 56 acres. The project has been opened since 2020 and consists of a total of 8 distinct projects within the development.

Hotels

• Two 5-star Hotels
  • KIMPTON MAA-LAI BANGKOK
    • A boutique-style hotel that emphasizes modern design and focuses on every detail, particularly in its restaurants and rooms.
  • SINDHORN KEMPINSKI HOTEL BANGKOK
    • A luxury hotel with emphasis on health and wellness, with a dedicated Health and Wellness Center spanning over 4,000 square meters.
• One 4-star Hotel
  • SINDHORN MIDTOWN
    • A hotel located nearby BTS Chidlom Station.

Condo

• SINDHORN RESIDENCE
  • The first of Sindhorn Village's condos.
• BAAN SINDHORN
  • A low-rise condo with emphasis on privacy achieved through fewer yet considerably large units.
• THE RESIDENCES AT SINDHORN KEMPINSKI HOTEL BANGKOK
  • A luxury high-rise condo with hotel-level service from Kempinski.
• SINDHORN LUMPINI
  • A condominium situated on Tonson Lane and Sindhorn Road, providing clear views of Lumpini Park.

Community Mall

• VELAA SINDHORN VILLAGE
  • A lifestyle hub that brings together an abundance of shops, restaurants, and various lifestyle venues in one place.

This project is a grand development located in the exclusive Langsuan neighborhood, known for its luxurious and prestigious design. From its striking exterior to the impeccable services and lavish interiors, it emanates an atmosphere of unparalleled luxury, truly deserving the title of a Super Ultra Luxury development. Embodying the concept of "Classy," it signifies not only opulent possessions but also a carefully curated lifestyle.

This project is a 33-story high-rise development situated on a vast area of over 3-3-57 rai. With its LEED Certification, this development proudly showcases its dedication to environmental sustainability by meeting rigorous energy-saving standards. Adding to its allure, it presents a world-class luxury experience with exceptional hotel-like services offered by the prestigious Kempinski brand.

*This project offers a 30-year leasehold contract with an option for a 30-year extension.

The project features a total of 231 units. The following are the 5 types of units available to choose from:

• 1-Bedroom: 98 sqm.
• 2-Bedroom: 139.00–158.00 sqm.
• 3-Bedroom: 215.00–339.00 sqm.
• 4-Bedroom: 356 sqm.
• Penthouse: 480–510 sqm.

Facilities

• Residence Lobby

As you enter, the first area you'll encounter is the lobby, designed in the image of a luxurious hotel lobby. The lobby boasts spaciousness and openness with high ceilings, while adorned in tones of white and yellow, exuding an atmosphere of elegance from the moment you step inside.

• Residence Lounge

The Residence Lounge serves as a space for residents to relax and indulge in a luxurious and classy atmosphere. It offers abundant seating areas and is conveniently located adjacent to the outdoor garden, allowing residents to unwind in style while enjoying the surrounding greenery.

• Fitness room

Want a completely unobstructed view of the city while working out? The fitness room's got you covered! The fitness room here is surrounded by floor-to-ceiling glass, providing panoramic views. In addition to the workout area, there are also leisure areas available for residents to unwind and recharge.

• Spa

For a truly relaxing retreat, the spa room is a must-visit. Inside, the ambiance is impeccably crafted, providing an atmosphere of utmost tranquility and luxury. Experience ultimate comfort and indulgence all at once.

• Rooftop Swimming Pool

Last but not least is the swimming pool, designed in the shape of an "L", overlooking the adjacent public garden, Lumpini Park, creating a serene and relaxing atmosphere while enjoying the pool facilities. Additionally, there are surrounding areas designated for those seeking leisure and relaxation.

Parking Capacity

The Residences at Sindhorn Kempinski features parking within the building, allowing for a combined total of approximately 495 parking spaces (which is considered greater than 50% of the total number of units in the project).

*This does not include double-parking.

Highlights

• Considerably large units.
• Hotel-level services.
• Located in a prime location.

Types of Units

1-Bedroom

Unit Plan

Type 1+1A – 98 sqm.

The first unit type is a 1-bedroom unit, which includes a small integrated room, resulting in a total size of 98 sqm. Upon entering the room, on the right-hand side, you will find the small bedroom area, complete with an en-suite bathroom. On the left-hand side, there is a utility room or storage area. A little further ahead, you will encounter a U-shaped pantry area with various appliances provided.

Continuing forward, you will reach the spacious living area, which can accommodate a dining table for up to 4 seats, along with additional furniture in the reception area. Furthermore, this area also features a balcony.

Turning right, you will come across the large bedroom, comparable in size to the reception area and kitchen. Upon entering, you will find the dressing zone on the right-hand side and a generously sized bathroom with enough space for a bathtub.

The bed is positioned near the window for comfort and a sense of openness. Additionally, there is remaining space to place a relaxing chair.

2-Bedroom

Unit Plan

Type 2A – 143 sqm.

The next unit type is a 2-bedroom unit, ranging in size from 139 sqm to 158 sqm. However, the specific room example I will describe today is a 148 sqm unit, which falls in the middle range.

Upon entering the unit, you will immediately notice that the room is significantly more spacious than a typical 2-bedroom unit, almost resembling a penthouse. On the right-hand side of the entrance door, there is a shared bathroom and a storage room. On the left-hand side, you will find an open-style kitchen with an L-shaped counter and a dining table that can accommodate 6 seats.

Continuing further inside, you will reach the living area, which not only has space for reception furniture but also provides additional room for other items and a pathway leading to the balcony.

There are two bedrooms in this unit. Start with the small bedroom on the right-hand side. Upon entering the small bedroom, you will find a bathroom on the right-hand side and a wardrobe. On the left-hand side, there is the sleeping area and a relaxation space.

As for the left-hand side, it features a spacious master bedroom with a separate dressing area. Additionally, it comes with a large bathroom that has enough space to accommodate a bathtub.

Other Unit Plans

3-Bedroom

Unit Plan

Type 3A – 215 sqm.

The next unit type is a 3-bedroom unit, ranging from 215 sqm to 339 sqm. in size.

Due to its large size, the room division in this unit is very distinct. Let's start with the first area you encounter upon entering. This area is the kitchen with an I-shaped counter and a small maid's room. Moving through this area, you will come across another small bedroom.

Turning left, you will find a spacious living area that seamlessly connects to a balcony. Opposite the living area is an open-style kitchen and a storage room at the back. Just a little further, there is another small bedroom with an attached bathroom.

At the far end, you will find the master bedroom. This bedroom is as large as two small bedrooms combined, providing ample space inside. It features a generous sleeping area, a dressing area with ample storage, and an ensuite bathroom with a bathtub.

Other Unit types

As for the next two unit types, we will be showing you just the images and unit plans for better understanding due to their large sizes.

4-Bedroom

Unit Plan

356 sqm.

Penthouse

Unit Plan

510 sqm.

Price (as of June 2023)

Sales Price

• Average starting price: 142,857.14 baht/sqm.*
• Starting price: 14M baht.*

Common Fees and Sinking Funds

• Common Fees: 120 baht/sqm.
• Sinking Fund: n/a baht/sqm.

**Please be aware that the mentioned prices were accurate at the time of gathering up information for this review, actual prices may vary since.

Final Verdict

In conclusion, The Residences at Sindhorn Kempinski truly embodies the essence of luxury living with its impeccable design, world-class amenities, and hotel-level service. This extraordinary haven offers residents a lifestyle of opulence and tranquility, where every detail has been meticulously crafted to provide the utmost comfort and sophistication. From the indulgent spa and swimming pool to the beautifully designed residences, this exceptional property elevates the concept of residential living to new heights. Whether seeking a serene retreat or a vibrant urban experience, The Residences at Sindhorn Kempinski surpasses all expectations, offering an unparalleled lifestyle that is truly worthy of its ultra-luxury status.

If you are interested in The Residences at Sindhorn Kempinski, feel free to click the links below:

If you are interested in any other properties nearby BTS Ratchadamri station, click the links below or get in touch with us:

Finding the perfect house or condo can be a daunting challenge, especially with the abundance of new developments on the market. With so many factors to consider, it's often overwhelming to gather all the crucial information by yourself. That's when the knowledge and guidance of salespeople become invaluable. For those new to the home-buying process, it's natural to wonder, "What are the essential questions to ask when purchasing a house or condo? What key details should I be aware of?" But fret not, as PropertyScout is here to help. We have curated an extensive checklist of must-ask questions that will equip you with the knowledge you need to make an informed decision.

How far is the nearest sky train station from here?

Asking which is the nearest sky train station available and how far it is from your housing or condo project will not only grant you time-saving transportation convenience in a long run but also allows you to calculate the necessary transportation expenses involved.

Read More:

Is there a shuttle bus service that can take me to the sky train station? Is it free or paid?

If there is a considerable distance between the housing or condo project and the nearest sky train station available, the next question to ask is whether or not the project offers a shuttle bus service that can take you to the sky train station (or at least closer to the station than if you were to walk there) and whether or not the service is free or paid.

Do the furniture and materials meet the standards?

Before finalizing a house or condo purchase, make sure you seek clarification regarding whether or not the furniture and materials meet the standards and from what brands do they originate from to help with your decision-making process. By asking this question before finalizing the purchase, you will be able to verify whether or not the quality of the furniture and materials are up to par with what the salesperson has informed you prior.

The Project's EIA Approval Status

To avoid wasting time and effort, it's crucial to inquire upfront whether the project has obtained Environmental Impact Assessment (EIA) approval. By confirming its EIA status, you can ensure that the house or condo you plan to purchase can be built and occupied without any uncertainties.

Read More:

Interior Space vs Common Fees

When considering the size of your room and the associated common area costs, salespeople play a crucial role in providing valuable insights. Seize the chance to inquire about how the room space compares to the common area costs in relation to similar projects. By doing so, you can evaluate the reasonableness and affordability of the common fees, enabling you to make an informed decision that balances value and your budget.

Read More:

Abundance of Amenities in the Area

When making a decision, don't forget to inquire about the availability of amenities and convenience near the project from the salesperson. Take time to explore the area and evaluate its compatibility with your lifestyle, both within the community and the surrounding condo or neighborhood. This step is crucial as a seemingly attractive and affordable residence may be situated far from restaurants or lack convenient transportation options, potentially impacting your overall quality of life.

Are the Roads Public or Private? What is the total amount of routes available?

If you rely on private transportation, it's crucial to inquire about whether the access roads are public or private and the number of available routes. This information not only affects the convenience of your daily commute but also addresses potential challenges such as restricted entry or exit times on private roads. By seeking clarification on these factors, you can ensure a hassle-free commuting experience and make an informed decision that aligns perfectly with your transportation needs.

Land Ownership and Potential Development Plans

Before making a final decision on a project, it's important to gather information about the ownership of the land surrounding it and any future development plans. This is especially crucial when it comes to condos. Imagine choosing a perfect project, only to find out later that new buildings obstruct your views. To avoid disappointment, it's essential to ask these questions in advance, empowering you to make an informed choice that aligns with your preferences.

Corporate Ownership and Management of Multiple Buildings

The corporate ownership and management structure of a condo project are vital factors for a seamless living experience and fair allocation of common areas. It's crucial to inquire about the company that owns the project and whether the management is centralized or separate for each building. If you have concerns about the reputation or track record of the corporate entity, don't hesitate to ask questions and conduct online research. Gathering this information empowers you to make an informed decision that suits your needs and preferences.

Delayed Construction Penalties

When a construction project faces delays or fails to meet its expected completion date, it's crucial to be aware of the possible consequences. It's wise to inquire about the penalties that the project developer may incur in such situations, as well as any potential discounts that could be offered. Having this information readily available can prove invaluable in safeguarding our rights. By comprehending the potential financial implications, including refunds or withheld funds, we can make well-informed decisions if the project falls behind schedule.

Read More:

Loan Rejection: Potential refunds and assets held

Experiencing a loan rejection when buying a home or condo is an unfortunate situation familiar to many. It can be disheartening to learn that despite the loan denial, your reservation and down payment funds are not refundable. Some individuals argue that the company lacks a refund policy for these funds, while others claim it is not clearly stated in the contract. In such circumstances, it may be necessary to explore legal options or file complaints with relevant authorities.

Don't hesitate to speak up!

To wrap it up, PropertyScout is here to be your trusted companion during your condo purchasing journey. We understand that this process can be overwhelming, and you may have countless questions swirling in your mind. Our article has compiled essential inquiries to ask the salesperson, covering every crucial aspect of condo buying.

But wait, there's more! If you're yearning for a top-notch condo or seeking personalized advice, don't hesitate to connect with PropertyScout. We're not just an information hub; we're your friendly experts ready to assist you. Drop your questions in the comments section below or reach out to us directly. Let's embark on this exciting condo-hunting adventure together, ensuring you find the perfect condo that perfectly matches your needs and preferences.

Let PropertyScout help you find your ideal home or condo for the best prices possible today!

Location

Discover the exquisite Nivati Thonglor 23, a luxurious low-rise condominium nestled in the serene Thonglor Soi 23. Experience unparalleled tranquility while being just moments away from a plethora of conveniences like J Avenue and The Commons Thonglor. With easy access to Sukhumvit 55 and Thonglor Road, this prime location offers multiple transportation options. Plus, the nearby Thonglor BTS station ensures seamless connectivity.

Accessibility

By Car

Reaching Nivati Thonglor 23 is a breeze when traveling by car. Situated on Thonglor Soi 23, this exclusive project enjoys convenient access from both Sukhumvit Road and Petchaburi Road. With these parallel routes, reaching the condominium becomes effortlessly convenient.

Public Transportation

• BTS: Approximately 2.1km from the BTS Thonglor Station.
• Taxis and Motorcycles: Taxis and Motorcycle pickup services can be easily requested through all-in-one service apps such as Line Man or GRAB.

Amenities

Shopping & Market

THE COMMONS, Japanese Fresh Wholesale Market 日本生鮮卸売市場, J Avenue, Penny’s Balcony

Restaurants & Cafes

HANJI Authentic Taiwanese Hot Pot, Patom Organic Living, SEA Bangkok, Honmono, 23 HAUS Bar&Restaurant – ทองหล่อ, TESSA HOMEMADE CUISINE, Miyabi Kappo, Tiny Cup Cafe, Christopher Rose Café & Gallery, S&P สาขาทองหล่อ, Bottoms up Thonglor, 闘鶏 Shamo Sumibi Yakitori Bkk, Kenji’s Lab, Tasty Congee & Noodle Wantun Shop @ Thonglor, NICO NICO – Café & Brunch Place, 곱창집 Gopchang House, Khao Jao, 黒牛の里, After You Dessert Cafe, ร้านข้าวมันไก่บุญตงเกียรติ, Mellow Thong Lo, She Bar ฌีบา, Palm Cuisine, Ashibi 馬酔木, Nojiya Yuushi, Origami Teahouse, BECCA by Kurōpan, Pacamara, Koryori Mikami, Tai-He-Xuan, Mandarin Roast Duck, Ñam Ñam Pasta and Tapas (RQ49 Mall), Thonkrueng Restaurant, Azuma Soba Restaurant, Hiroshima Pizza Okonomiyaki, Sole Mio, Ranichi Japanese BBQ, Teppen Entertainment Yakiniku Dining 【Thonglor】, Red Diamond Specialty Coffee At Thonglor

Pubs & Bars

Bluebird Jazz Bar, Beer Belly, The 126 Bar, Bar Marco, Liberty Thonglor Music & Bar, TERRA Liberty, GOOMBAH – The Bar, Another round

Campuses

New Bambino international kindergarten, Thonglor Greenfield Nursery, SP International Kindergarten

Hospitals

Camillian Hospital, Samitivej Sukhumvit Hospital

Police

Thong Lor Police Station

Pet-Friendly Condo

Bangkokheart Thonglor 25

Temples & Churches

Prem Prakash Sindhi Mandir, Zhohirul Islam Mosque

Fitness

The Racquet Club (RQ49), Urban Playground Climbing, Arete Brazilian Jiu-Jitsu

Other

St Gabriel’s Foundation of Thailand

Hotels

Oakwood Residence Sukhumvit Thonglor Bangkok, Grande Centre Point Sukhumvit 55, Centre Point Serviced Apartment Thong Lo

Project Details

Nivati Thonglor 23 is a prestigious condominium project that redefines luxury living with its tranquil ambiance and exceptional hotel-like services. Developed by Cevas Property, a prominent real estate developer resulting from a collaborative venture between Thailand and Hong Kong, Nivati has emerged as an impressive newcomer in the industry, leaving a lasting impression.

Nestled within the vibrant Thonglor Soi 23, Nivati Thonglor 23 represents the pinnacle of exquisite luxury. The name "Nivati" captures the essence of this exceptional residence, combining "Nivas" (home) and "Santi" (peace), signifying a harmonious sanctuary.

Immerse yourself in a world of opulence as you step into Nivati Thonglor 23, where meticulous attention to detail has created a masterpiece of timeless classicism in Western contemporary architecture. Curated by the esteemed design firm DWP, every aspect of this project has been thoughtfully crafted to indulge your senses and elevate your living experience.

Experience the essence of sophistication with Nivati Thonglor 23, where the mantra "Simplicity is the ultimate sophistication" comes to life. Inspired by the opulent Beaux-Arts style seen in London's majestic architecture, this project pays meticulous attention to every detail. A particular emphasis is placed on sourcing premium construction materials, evident in the stunning Black Silver Dragon marble gracing the lobby, the rare Palisander Bulette pillars, and the exquisite White Venus marble adorning the swimming pool area.

Moreover, this project offers hotel-like services, as it operates 24/7 with a dedicated Personal Assistant (PA) available at all times. The level of service provided is truly luxurious, with the following amenities:

• Complimentary shuttle service within a 3-kilometer radius, using Toyota Alphad vehicles.
• Complimentary airport transfers, twice a month, accumulating to 24 transfers per year.
• Delivery service for parcels, goods, and food directly to the units.
• Automated valet parking service for personal vehicles.
• 24-hour Door Man service.
• Car and restaurant reservation services.
• Laundry and dry-cleaning services.
• And many other services available!

The project itself features a single 7-story low-rise building nestled within a spacious 1-1-34 plot area. With a deliberate focus on spaciousness and exclusivity, the project offers a limited number of 52 units. Each unit is generously sized, ensuring ample living space for residents. The following are the types of units available to choose from:

• Simplex
  • 1-Bedroom: 77.4-77.81 sqm
  • 2-Bedroom: 104.17-138.73 sqm
  • 3-Bedroom: 178.69 sqm
• Duplex
  • 1-Bedroom: 112.60-128.66 sqm
  • 2-Bedroom: 159.01-206.02 sqm
  • 3-Bedroom: 221.65 sqm

Facilities

• Lobby

Upon entering, you will be mesmerized by the enchanting lobby area. The interior is exquisitely decorated, showcasing meticulous design that captures the essence of London's majestic palaces. Every detail, from the carefully chosen materials to the overall aesthetics, emanates a feeling of luxurious excellence.

The pillars, constructed from the esteemed Palisander Bulette stone, have been imported directly from Italy, adding a touch of rarity to the space. Complementing the ambiance, the lobby floor boasts the elegance of White Venus marble, renowned for its pristine white hue and distinguished qualities.

• Swimming Pool

Nestled behind the lobby area, you'll discover the captivating swimming pool that immediately captures your attention upon arrival. Spanning over 21 meters, the pool boasts a luxurious touch with its elegant White Venus marble finishing, inviting you to indulge in relaxation. Thoughtfully placed seating areas around the pool offer a choice of tranquil spots for guests to unwind and soak up the atmosphere.

Adding to the tranquil ambiance, the pool area is embraced by a remarkable 9-meter-tall Vertical Garden. Not only does this lush greenery create a soothing environment, but it also acts as a natural partition, ensuring a sense of privacy and seclusion.

• Fitness

Situated in close proximity to the swimming pool, the fitness center provides a convenient and well-appointed space for your exercise regimen. With its ample layout and an array of top-notch exercise equipment sourced from Technogym, this gym is designed to meet all your fitness needs. What sets it apart is the integration with Apple Watches, allowing you to effortlessly monitor your fitness journey. Furthermore, each machine is equipped with personalized training programs tailored to help you achieve your unique goals.

• Business Lounge

Step into the Business Lounge, a sophisticated space designed exclusively for work and important client meetings. With its meticulously planned interior, this lounge offers abundant seating for up to 6 individuals, creating a collaborative environment that fosters productivity. You'll find this space equipped with a range of amenities to cater to your every need. Moreover, a dedicated Personal Assistant (PA) is on hand to provide beverage services and ensure your utmost convenience.

Parking Capacity

Nivati Thonglor 23 features Underground Automatic Parking, allowing for a total parking capacity of 78 cars (which translates to a 150% parking capacity).

Highlights

• Despite being the smallest of the units available, the 1-Bedroom units boast an impressive size of 77.2 sqm for maximum spaciousness.
• Hotel-level services.

Floor Plans

• 2nd Floor

The second floor is solely dedicated to residential units, with a total of 11 units available (one 1-bedroom unit, six 2-bedroom units, four duplex units.

• 3rd Floor

Once again dedicated to residential units is the 3rd floor, this time featuring one 1-bedroom unit, seven 2-bedroom units, and one more 3-bedroom unit.

• 4th Floor

The fourth floor shares the same floor layout as its predecessor.

• 5th Floor

The fifth floor shares the same layout as the previous floors.

• 6th Floor

Despite the seemingly identical floor layout, the sixth floor brings something new to the table with the addition of balconies in the front. The units available in this floor consist of 1-bedroom duplex units up front and 2-bedroom duplex units to the left.

• 7th Floor

And finally we have the seventh floor, featuring four duplex units and five additional units similar to the previous floor, amounting to a total of 9 units available.

Types of Units

Simplex

1-Bedroom

Unit Plan

Type A1 – 77.20 – 77.81 sqm.

First up we have the 1-bedroom unit, coming in at 77.2 square meters in size and is considerably larger in comparison to other 1-bedrooms offered by most condos.

Each room in this property is thoughtfully designed and sold as a Fully-Fitted unit, complete with interior decoration services provided by the project. As you step into the residence, you'll be greeted by the inviting Kitchen Area, offering the flexibility to personalize your kitchen counter to suit your taste. Adjacent to it, a dedicated room awaits to house your washing machine, keeping laundry tasks conveniently separate. As you venture deeper into the space, a spacious dining area awaits, complete with a cozy 4-seater table, perfect for shared meals and gatherings. Connected seamlessly is the generous living area that seamlessly flows out onto a balcony, inviting natural light and fresh air into your living space.

Continuing the exploration, you'll find yourself in the master bedroom area, where a dressing zone awaits, providing convenience and organization. Connected to the master bedroom is an en-suite bathroom, which can easily serve as an additional room, adding to the functionality of the space. And if you require even more room to relax, the bedroom area offers ample space to accommodate a luxurious king-size bed, ensuring comfort and tranquility. The bathroom itself boasts remarkable spaciousness, providing the option to incorporate a bathtub for those indulgent moments of relaxation.

2-Bedrooms

Unit Plan

104.40 sqm.

Introducing the 2-bedroom unit, a spacious haven starting at 104.4 square meters, akin to a small penthouse.

Step inside the unit and be welcomed by a charming foyer that leads to the expansive living area. This versatile space offers abundant room for a dining table and even accommodates a well-equipped kitchen. Adjacent to the kitchen is a convenient combination of a bathroom and storage area.

Continuing your exploration, you'll discover a guest room connected to a balcony, strategically positioned between the two bedrooms. Let's begin with the cozy bedroom on the left, which can be easily divided into a dressing zone and a cozy sleeping area, complete with an en-suite bathroom.

The master bedroom steals the spotlight with its generous size, and the standout feature is undoubtedly the luxurious bathroom. As depicted in the floor plan, the bathroom boasts an impressive size, providing ample space for a relaxing bathtub and more.

Other unit plans

3-Bedrooms

Unit Plan

Type C1: 178.69 sqm.

Finally we have the 3-Bedroom unit, coming in at an astounding 178.69 square meters in size.

The floor plan reveals the remarkable spaciousness of the room. As you step into the unit, a welcoming hallway greets you. Straight ahead, you'll discover a shared bathroom on the right, while the kitchen occupies the left side. The kitchen boasts an open design, accompanied by a generously sized dining table that accommodates eight people. Adjacent to the kitchen is a spacious living area that seamlessly connects to a balcony.

Taking a left turn leads you to the maid's room, the first room you encounter. Moving further along, you'll find the bedrooms arranged in succession, with the smaller ones situated closely together. Notably, the master bedroom stands out, positioned separately in the lower left area.

Duplex

1-Bedroom

Unit Plan

Type D1: 112.60 sqm.

This unit features two floors, coming in at 112.6 and 113.05 square meters in size.

• Lower Floor
  • As you enter the lower floor, you'll be greeted by a well-appointed kitchen area on the right side, accompanied by a conveniently located space suitable for dining. A few steps to the left, you'll discover a spacious living area seamlessly connected to a balcony, creating an inviting indoor-outdoor flow. Completing the layout is a bathroom and a staircase that leads to the second floor.
• Upper Floor
  • As you make your way up to the upper floor, you'll be greeted by the expansive master bedroom. Step inside, and you'll discover a private dressing area leading to the luxurious en-suite bathroom. Noteworthy is the remarkable size of the bathroom, which offers ample space for a bathtub, adding a touch of elegance and relaxation to your daily routine.

Other unit plans

2-Bedroom

Unit Plan

Type D3: 159.01 sqm.

Up next is the 2-bedroom Duplex unit, coming in at 159.01 square meters in size.

• Lower Floor
  • As you step inside, you'll immediately notice a shared bathroom on the right side. On the left, a hallway leads to a convenient storage room. Continuing forward, you'll be greeted by a generously sized pantry area, complete with a countertop and a dining table for six. Adjacent to the pantry, there is a staircase and a guest room. Within this area, you'll also find a cozy lower-level bedroom. The accompanying bathroom provides ample space, allowing for the inclusion of a bathtub.
• Upper Floor
  • On the upper floor, you'll find a collection of expansive bedrooms. Each bedroom boasts its own private bathroom and convenient storage space. The bathrooms are designed with ample room, and the bedrooms are thoughtfully divided into dedicated dressing areas. It's a truly luxurious experience for anyone seeking comfort and privacy.

Other unit plans

3-Bedrooms

Unit Plan

Type D3: 159.01 sqm.

Finally we have the 3-Bedroom Duplex unit, coming in at 221.85 square meters in size.

• Lower Floor
  • Upon entering this unit, you'll be welcomed by a remarkably expansive living area that provides ample room for customization. It can be cleverly divided into a pantry area and a versatile guest room, allowing for flexible usage of the space. Adjacent to the entrance door, you'll find the conveniently located maid's room. Additionally, on this floor, there is a cozy yet spacious bedroom without a private bathroom, making it a functional and comfortable retreat.
• Upper Floor
  • Upon reaching the upper floor, a delightful sight awaits with two bedrooms to welcome you. Beginning with the smaller bedroom, it boasts an en-suite bathroom and a uniquely elongated layout, providing ample room for creative customization and design. The larger bedroom is truly remarkable, offering an expansive space that can be tailored to suit your individual preferences. Furthermore, there is an additional area that can be transformed into a guest room, showcasing the remarkable versatility of this living space.

Price (as of June 2023)

Sales Price

• Average starting price: 230,000 baht/sqm.*
• Starting price: 18.5M baht.*

Common Fees and Sinking Funds

• Common Fees: 1,000 baht/sqm.
• Sinking Fund: 120 baht/sqm.

**Please be aware that the mentioned prices were accurate at the time of gathering up information for this review, actual prices may vary since.

Final Verdict

Nivati Thonglor 23 is a remarkable ultra-luxury condominium project that exudes elegance and tranquility. Nestled in the vibrant Thonglor area, this hidden gem offers a serene living environment while providing top-notch hotel-like services. Meticulously designed with a blend of timeless classicism and contemporary Western elements, the architecture of Nivati Thonglor 23 is a testament to sophistication. From imported Italian stones to meticulous craftsmanship, every detail reflects the grandeur reminiscent of London's prestigious palaces. Prepare to be captivated by the opulence and serenity of Nivati Thonglor 23, where luxury living reaches new heights.

Click the links below if you are interested in buying or renting at Nivati Thonglor 23:

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Welcome to our insightful blog post, where we delve into the intriguing world of Adverse Possession—a legal concept intricately intertwined with real estate and notorious for sparking disputes. Have you ever wondered what Adverse Possession really means? Are there specific criteria and regulations that govern it? In this article, PropertyScout is here to shed light on Adverse Possession, offering valuable insights that will broaden your understanding of this complex subject. Join us as we unravel the mysteries and provide you with essential knowledge about Adverse Possession. Let's dive in!

What is Adverse Possession?

Adverse Possession has its roots dating back to the Roman era, originally intended to rectify improper transactions. When a buyer takes possession of a property and meets all the legal requirements, they acquire ownership through Adverse Possession. Despite flaws in the purchase process, Adverse Possession evolved into a law that promotes the beneficial use of real estate, preventing neglect and ensuring rightful ownership for those who utilize the property.

The Criteria for Adverse Possession

"Adverse Possession" refers to the act of acquiring ownership rights through continuous possession, applicable to both immovable and movable properties. The criteria for adverse possession of immovable property are stipulated under Section 1382 of the Civil and Commercial Code, which include:

• Possession of someone else's immovable property.
• Possession with peaceful and open intention to be the owner.
• Continuous possession for a period of 10 years (5 years for movable property) *Movable property refers to assets that are not fixed to a specific location and can be transported, such as antiques, diamonds, gold, cars, and jewelry.

What to keep in mind regarding Adverse Possession

• Adverse Possession must be exercised over immovable property with legal ownership documents, such as title deeds, provisional title deeds, or other types of ownership documents. However, possession can be claimed for possessory rights properties, such as SorKor 1 (ส.ค.1, notification of land possession) or NorSor 3 (น.ส.3) or NorSor 3 Gor (น.ส.3 ก., certificates certifying the benefit). Vacant land without any rights cannot be claimed through Adverse Possession.
• However, Adverse Possession can be contested under the Civil and Commercial Code Section 1375, but there is no specific legislation that allows filing a petition or lawsuit to obtain ownership through Adverse Possession (as per Supreme Court judgment no. 5389/2006).
• Adverse Possession must involve possession of someone else's property. Self-owned properties cannot be claimed through Adverse Possession, such as claiming to possess land in one's name but with someone else's ownership (as per Supreme Court judgment no. 538/1993) or claiming to possess land inherited through Adverse Possession (as per Supreme Court judgment no. 4843/2002).
• Adverse Possession can occur even if the possessor is unaware that the property belongs to someone else. They may mistakenly believe it is their own property (as per Supreme Court judgments no. 5794/2008, 5596/2009).
• Adverse Possession must be carried out with the intention of being the rightful owner. This means using the property solely as the owner would, preventing others from interfering with the property, and not possessing it based on the rights or acknowledgment of another person, for example:
  • When a buyer possesses land according to a purchase agreement, it is considered possession on behalf of the seller until the transfer of ownership takes place. It does not confer ownership through Adverse Possession (as per Supreme Court judgment no. 7490/2008).
  • When a sole heir possesses an entire inherited land, it is considered possession on behalf of all other heirs. Prior notification to other heirs of the intention to possess is required for it to be considered Adverse Possession (as per Supreme Court judgment no. 2760/2005).
  • Possessing land with the permission of the landowner for residential purposes does not confer ownership through Adverse Possession (as per Supreme Court judgment no. 5352/1996).
  • When one owner possesses land, it is considered possession on behalf of all other co-owners (as per Supreme Court judgment no. 945/1994).
• If there is a transfer of ownership during the period of Adverse Possession that has not yet reached 10 years, and the transferee acquires ownership in good faith and pays compensation, it nullifies the effect of the previous Adverse Possession, and a new period of possession must start counting (as per Supreme Court judgments no. 5801/2001, 8700/2007).
• The possession must be peaceful, meaning not being involved in any legal disputes, and it must be open and notorious, meaning not hiding or concealing it but openly displaying it to the general public.

Closing Comments

The concept of Adverse Possession is complex and encompasses a wide range of disputes and legal rulings. Its intricate nature could easily fill the pages of a book. With numerous controversies and diverse court judgments, Adverse Possession has provided ample material for studying different perspectives.

However, PropertyScout believes that it is time to reconsider and revise the laws surrounding Adverse Possession. In its original intention, these laws aimed to promote the productive use of properties and deter abandonment. They also recognized and rewarded individuals who actively occupied and enhanced neglected lands. Yet, in today's socio-economic landscape, where vacant land is scarce, the necessity for acquiring properties through Adverse Possession has greatly diminished. Therefore, it is imperative to update the legislation to reflect the evolving circumstances.

Looking for a safe, peaceful home for the best prices possible? Let PropertyScout help you. Or if you have any further questions, please get in touch with us. Our property consultant team will be very happy to assist you:

Welcome, landlords, investors, and former property owners! Are you ready to transform your "For Sale" sign into a resounding "Sold"? One of the most critical factors in achieving a successful property sale is nailing the perfect price that entices the right buyers and tenants. Whether you're a seasoned investor or a first-time seller, this blog post is your ticket to unlocking the secrets of strategic property pricing. We'll delve into the art and science of determining the ideal price for your house or condo unit, ensuring that you attract eager buyers who recognize the true value of your property. Say goodbye to endless listing periods and hello to a swift, profitable sale as we reveal insider tips and effective strategies to captivate the right audience and maximize your returns. So, let's dive in and learn how to price your property for success - from 'For Sale' to 'Sold'!

Put yourself in the buyer or tenants' shoes

To set the right property price for sale or rent, it's crucial to start by putting yourself in the buyer or tenant's shoes. Step into their perspective and consider what factors they value most. Ask yourself: What would I be willing to pay for this property? Consider location, amenities, size, condition, and comparable prices in the market. By empathizing with your target audience, you gain valuable insights that help you price your property reasonably and competitively, increasing your chances of attracting interested buyers or tenants. So, take a moment to see the property through their eyes and make pricing decisions that align with their needs and expectations.

Keep up with the Market Trends

In addition to empathizing with buyers or tenants, staying updated on market trends is equally vital when pricing your property for sale or rent. Conduct thorough research to gain insights into recent market trends and standard rental or sales prices for houses and condos. Pricing your property too low may raise suspicions of scams or unrealistic offers, while setting it too high can leave potential customers feeling overcharged and dissatisfied. By keeping pace with market dynamics, you can strike the perfect balance and ensure your property's price aligns with its actual value, appealing to customers and fostering trust. Stay ahead of the game by incorporating market trends into your pricing strategy for a successful property transaction.

Read More:

Does your Property Warrant your intended Price Point?

Before you finalize your intended price point, it's essential to ask yourself a crucial question: Does your property warrant that price? Determining the true value of your property is a vital step in the pricing process. In the upcoming subheadings, we'll explore key factors that should be considered to assess whether your property aligns with your intended price point. By carefully evaluating these factors, you can ensure that your pricing is fair, realistic, and in line with what your property genuinely offers. So, let's dive in and discover if your property truly warrants your intended price point.

Location of the Property

The first factor to consider in pricing your property reasonably is the location. A prime location, such as being in a sought-after neighborhood or close to amenities, transportation, schools, and commercial centers, tends to command higher prices due to the convenience and quality of life it offers. On the other hand, properties in less desirable or remote areas may warrant lower prices. Location impacts accessibility, safety, proximity to services, and overall lifestyle, making it a key consideration for both buyers and tenants. So, carefully assessing and factoring in the location of your property is essential to arrive at an accurate and competitive price point that reflects its true market value.

Property Condition

Property condition is a crucial factor to consider when pricing your house or condo unit for sale or rent. Whether the property is brand new or second hand, and its level of furnishing, greatly influence its perceived value. A well-maintained, move-in ready property with modern amenities and quality finishes tends to command higher prices due to the convenience and appeal it offers to potential buyers or tenants. On the other hand, properties in need of repairs, renovations, or lacking essential furnishings may warrant lower prices.

The condition of the property directly affects its marketability and the overall impression it creates on potential customers. Therefore, carefully evaluating the condition of your property is vital in setting a fair and competitive price that accurately reflects its current state and attracts interested parties.

Exclusivity

The factor of exclusivity plays a significant role when determining the price of a house or condo unit for sale or rent. It encompasses the unique features and standout qualities that set the property apart from neighboring properties. Whether it's a one-of-a-kind architectural design, a penthouse unit with breathtaking views, or eco-friendly amenities like solar panels and EV chargers, these distinctive attributes can elevate the property's value. Exclusivity creates a sense of rarity and desirability among potential buyers or tenants, allowing for a higher price point to be justified. Recognizing and highlighting the exclusive aspects of a property is essential in accurately pricing it to capture the attention and interest of discerning individuals seeking something truly exceptional.

Other Mistakes to Avoid in listing your Property for Sale or Rent

While pricing is undoubtedly a significant factor, there are other critical aspects to consider. In the upcoming subheadings, we'll explore various mistakes that should be avoided when creating a property listing. By understanding and sidestepping these mistakes, you can ensure your property listing stands out, attracts the right audience, and increases your chances of securing a favorable deal. So, let's dive in and uncover the other mistakes to avoid when listing your property for sale or rent.

Inaccurate or Lacking Information

One of the crucial mistakes to avoid in a property sales or rental listing is providing inaccurate or lacking information. Potential tenants or buyers rely on the listing to gather essential details about the property. Failing to provide accurate information, such as the number of bedrooms and bathrooms, floor location, square footage, or essential features, can lead to frustration and wasted time for interested parties. It is important to ensure that your listing is comprehensive and includes all relevant information that potential customers need to make an informed decision. By providing accurate and detailed information, you enhance transparency, build trust, and attract serious inquiries from individuals genuinely interested in your property.

Read More:

Photography Issues

In the competitive world of property rentals and sales, first impressions are vital, and captivating photos play a crucial role. Buyers and tenants are drawn to visually appealing listings, making high-quality photos essential. However, be mindful of potential pitfalls. Poor lighting, shadows, or overlooked flaws can negatively impact the impression conveyed through photos. To address this, promptly declutter, fix any defects, tend to the landscaping, and ensure optimal lighting conditions. By investing in professional photography that accurately represents the property, you enhance its appeal and attract genuine interest from potential buyers or tenants.

While captivating photos are crucial, it is equally important to avoid heavily edited or misleading imagery that can create false expectations. Overly edited photos may give an unrealistic portrayal of the property, leading to disappointment and potential accusations of false advertising. Transparency and honesty are essential. Provide an accurate representation of the property through your photos, ensuring that potential tenants or buyers are not misled. By presenting the property as it truly is, you establish trust and credibility, setting the stage for a successful transaction.

To make your property stand out from the competition, consider showcasing its standout features in your listing photography. Whether it's unique architecture, stunning trees, or distinctive interior elements, highlighting these aspects can help attract potential buyers or tenants. These features contribute to the overall appeal of the property and can be influential in generating interest. By capturing and including these highlights in your listing photos, you effectively communicate the property's unique selling points, setting it apart and increasing its marketability.

Read More:

Failing to Respond to Questions and Queries

In the world of property transactions, time is a critical factor that should never be underestimated, whether you're putting your property up for sale or rent. Potential tenants or residents expect prompt responses and efficient communication. Failing to respond in a consistent, timely manner can leave them with the impression of disinterest or unprofessionalism. To build trust and establish a positive relationship, aim to respond to inquiries within a matter of hours or, at most, one to two working days. The quicker you respond, the stronger the foundation of trust that forms between you and your potential tenants or residents. By prioritizing timely communication, you demonstrate your commitment, reliability, and respect for their time, which significantly enhances their overall experience and increases the likelihood of a successful property transaction.

Read More:

Let's begin listing your Property!

Congratulations! You've now gained valuable insights into the art of pricing your property to attract the right customers and maximize your chances of a successful sale or rental. By considering factors such as property location, condition, exclusivity, and market trends, you can strategically set a competitive price that resonates with potential buyers or tenants. Remember to avoid common mistakes like inaccurate information, subpar photography, and delayed responses, as they can hinder your progress. With careful attention to detail, transparency, and effective communication, you can transform your property listing from "For Sale" to "Sold" in no time. Embrace these strategies, adapt to the market dynamics, and let your property shine as you navigate the exciting journey of finding the perfect customers who will appreciate and cherish your property as much as you do. Good luck on your real estate endeavors!

Got a Property to list for sale or rent? Click the link below or get in touch with us, our property consultant team will be very happy to assist you:

Interested in properties for sale or rent? Let PropertyScout help you find your dream home today!

The latest update as of June 15, 2023.

It has been over two decades since the birth of Bangkok's sky train system, which has undoubtedly become the city's beloved public transportation mode. Renowned for its unparalleled time management and the notable reduction in private vehicle fuel costs, it continues to win the hearts of commuters. Today, PropertyScout invites you on a captivating update expedition, delving into the remarkable advancements of the new sky train lines. Let's embark on a journey to witness their remarkable progress throughout the years!

Yellow Sky Train Line (Ladprao-Samrong)

The Yellow Line sky train is an elevated station system with varying heights based on the route and station limitations. Its main objective is to address the long-standing traffic issues on Ladprao Road, which has been a major traffic congestion area surrounding the eastern outskirts of Bangkok, extending to Samut Prakan province.

The Stations

1. Ladprao
2. Bhawana
3. Chokchai 4
4. Ladprao 71
5. Ladprao 83
6. Mahaadthai
7. Ladprao 101
8. Bangkapi
9. Lam Sali Intersection
10. Sri Kreetha
11. Huamak
12. Khlan Tan
13. Srinuch
14. Srinakarin 38
15. Suan Luang Rama IX Park
16. Sri Udom
17. Sri Iam
18. Sri Lasalle
19. Sri Bearing
20. Sri Dhan
21. Sri Dhepha
22. Tippawan
23. Samrong

Updates

The Yellow Line sky train is gearing up for a trial run after a comprehensive study and project implementation by the Office of Transport and Traffic Policy and Planning (OTP) between 2007 and 2011. Divided into two sections, Ratchada/Ladprao to Phatthanakan and Phatthanakan to Samrong, this Yellow Line encompasses 23 stations and a maintenance depot, covering a total distance of 30.4 kilometers.

Currently, the civil works have achieved an impressive progress rate of 98.99%, while the M&E system advances at 99.07%. Overall, the project is making remarkable strides with an impressive overall progress rate of 99.02%.

Orange Sky Train Line (Thailand Cultural Center-Minburi)

The Orange Line sky train is a project that connects the eastern and western sides of Bangkok, linking the Minburi - Taling Chan corridor. Currently, it is under construction, particularly in the area between the Thailand Cultural Centre - Minburi (Suwintawong). The Orange Line consists of both underground and elevated sections, covering a distance of approximately 22.57 kilometers. Following that, the line will continue from the Thailand Cultural Centre to Taling Chan.

The Stations

1. Thailand Cultural Center
2. MRTA
3. Wat Phra Ram
4. Ramkamhaeng 12
5. Ramkamhaeng
6. Sports Authority of Thailand
7. Huamak
8. Lamsalee
9. Sri Burapha
10. Khlong Ban Ma
11. Sammakorn
12. Nhomklao
13. Rat Pattana
14. Min Pattana
15. Kheha Ramkamhaeng
16. Min Buri
17. Suwinthawong

Updates

No updates are available at this time.

Pink Sky Train Line (Kaerai-Minburi)

The Pink Sky Train Line utilizes a single-track system known as a monorail that features an elevated structure throughout its route. It aims to connect the districts of Minburi and Nonthaburi Province, starting from Rattanathibet Road and ending at the Romklao Intersection. The total length of the line is approximately 34.5 kilometers.

The Stations

• Laksi
• Ratchapat Phranakon
• Wat Phrasrimahatat
• Ramintra 3
• Lad Plakhao
• Ramintra km.4
• Mhaiyalap
• Watcharaphon
• Ramintra km.6
• Khubon
• Ramintra km.9
• Ramintra circle
• Nopparat
• Bang Chan
• Setthabut Bamphen
• Minburi market
• Minburi

Updates

On May 25, 2023, Mr. Anucha Burapachaisri, the Deputy Secretary-General to the Prime Minister for Political Affairs and the spokesperson for the Prime Minister's Office, revealed the progress of the Pink Line sky train construction. It was announced that the testing phase for the section between Khae Rai and Mueang Nonthaburi is expected to commence in January 2024.

Currently, the civil works have achieved a progress rate of 96.19%, while the M&E system advances at 96.64%. Overall, the project has made significant strides with an impressive overall progress rate of 96.43%.

Pink Sky Train Line Extension (Sri Rat-Muang Thongthani)

For the Pink Line sky train extension project, the section between Sri Rat and Mueang Thong Thani will be constructed as an elevated structure comprising 2 stations. It will connect from the main Pink Line at Sri Rat station, then turn right to run along the Bang Pa-In 39 Road, passing Mueang Thong Thani roundabout, and continue uninterrupted to the project's endpoint at Mueang Thong Thani Lake. The total distance will be approximately 3 kilometers, and the construction is expected to take 37 months. The estimated opening for service is around November 2024.

The Stations

• Nonthaburi Government Center Station
• Ka-rai Station
• Nam Non Airport Station
• Samakkhi Station
• Royal Irrigation Department Station
• Pak Kret Junction Station
• Pak Kret Loop Station
• Chaengwattana-Nonthaburi 28 Station
• Sri Ratcha Station
• Mueang Thong Thani Station
• Chaengwattana 14 Station
• Chaloem Phra Kiat Government Center Station
• National Telecommunications Station
• Lak Si Station
• Rajabhat Phra Nakhon Station
• Wat Phra Sri Mahathat Station
• Ram Inthra 3 Station
• Lad Pla Khao Station
• Ram Inthra 4 Station
• Maylap Station
• Watcharapol Station
• Ram Inthra 6 Station
• Ku Bon Station
• Ram Inthra 9 Station
• Ram Inthra Ring Station
• Nopparat Station
• Bang Chan Station
• Settakit Bumphen Station
• Talad Mee Noi Station
• Mee Noi Station
• Impact Muang Thong Thani Station
• Talad Thai Lake Station

Updates

Currently, the progress of civil works is 25.24%, the progress of electrical system works is 10.84%, and the overall progress is 20.41%.

Purple Sky Train Line (Kanchanapisek Circle)

The main objective of constructing the Purple Line Mass Rapid Transit (MRT) is to connect the travel routes from the eastern direction (Bang Yai-Nonthaburi) and the southern direction (Ratchaburi-Phra Pradaeng). This line will have a different direction compared to the Dark Red Line.

The Stations

• Parliament
• Sriyan Station
• Sam Sen Station
• National Library
• Bang Khun Prom
• Phan Fa Skywalk
• Wang Burapha
• Phutthamonthon
• Big Circle
• Samre
• Chom Thong
• Dao Khanong
• Bang Pakok
• Pracha Uthit
• Ratchaburi
• Phra Pradaeng
• Kru Nai

Updates

The Purple Line Mass Transit Project, from Taopoon to Ratchaburi (Kanchanaphisek Ring Road), has progressed by 10.41% in terms of civil works.

Final Verdict

In conclusion, the progress of the five sky train lines in Thailand is truly impressive. With significant advancements in civil works, electrical and mechanical systems, and overall development, these projects are shaping the future of urban transportation in the country. From the expanding Purple Line connecting various regions to the innovative Monorail system, each line brings new possibilities for seamless and efficient travel. As construction continues and completion dates draw near, anticipation grows among residents and visitors alike. With sky-high progress, Thailand's sky train lines are paving the way for a more connected and accessible future.

Looking for your ideal property by the sky train system? Let PropertyScout help you today!

Let us explore a hidden gem nestled within the vibrant enclave of Soi Sukhumvit 39, otherwise known as Phrom Phong area. We are about to unveil an extraordinary low-rise condominium project that will leave you spellbound.

Picture yourself in the heart of Bangkok, where dreams become a reality, and opportunities abound. Get ready to embark on an exciting quest as we delve into the captivating world of this remarkable development. Believe us when we say, this is not your ordinary project - it's a captivating masterpiece that beckons your attention. So, come along and join us as we unravel the secrets of this alluring haven. Are you ready? Let's dive right in and uncover the magic that awaits!

Location

Escape to the serene haven of Quintara Phume Sukhumvit 39, nestled in the tranquil enclave of Soi Prachan Khadi. This unassuming street may not dazzle with grandeur, but it offers a safe and welcoming atmosphere. And the best part? The bustling heart of Phrom Phong awaits you at the end of the street, ready to immerse you in its vibrant energy.

Getting around Quintara Phume Sukhumvit 39 is a breeze with numerous transportation options - take a boat, catch the BTS Skytrain at Phrom Phong station, or drive via Petchaburi Road or Sukhumvit Road.

Accessibility

By Car

Getting to Quintara Phume Sukhumvit 39 by car is incredibly convenient. You can easily access it from multiple routes, especially via Petchaburi Road. However, you also have the option to access this project via the Sukhumvit Road.

Public Transportation

• BTS: Approximately 1.9km from the BTS Phrom Phong Station.
• MRT: Approximately 1.6km from the MRT Phetchaburi Station.
• Taxis and Motorcycles: Taxis and Motorcycle pickup services can be easily requested through all-in-one service apps such as Line Man or GRAB.

Amenities

Shopping & Market

Taka Town, Shinsen Fish Market, Tops Food Hall Sukhumvit 39, UFM Fuji Super (Branch 2)

Restaurants & Cafes

Classic Room Cafe & Dining, Sushi Ichizu 鮨いちづ, korasha yakiniku, 둥이네 (we ko store), Meat & co(me), Gogi Seki, ไก่ย่างเสือใหญ่ สุขุมวิท 39, Upon the moon craft & cafe, Live Great Before Tomorrow Cafe and Rice Bowl, หมั่นโถวซ้อ (MAN-TOU-SOR), MONSTER BY TONG, Tea Factory and More, Bark, AZIZ halal bread, KINZA GYOZA, อารียาหมูกระทะ สาขา 2 (เพชรบุรีตัดใหม่), ชัย โภชนา, Haoma Bangkok, Kad Kokoa Chocolate Bistro (Sukhumvit 31), Ms. Maria & Mr. Singh, JP French Restaurant, Yayaz Chocolat, Young Place, เรือนเพชรสุกี้ – ร้านสุกี้โบราณและอาหารจีน ตำนานครึ่งศตวรรษ

Campuses

The Purple Elephant 49 – International Pre-School Bangkok, Modern International School Bangkok, ABC Pathways International Kindergarten, Anglo Singapore International School, Surao Baan Don School, Australian International School Bangkok, Soi 31 Campus, Chuthaphorn Kindergarten, Srinakarinwirot University, Srinakharinwirot University Prasarnmit Demonstration School (Elementary)

Pet-friendly zone

Trail and Tail

Temples/Churches

Wat Mai Chong Lom, Baan Doon Mosque

Hospitals

Pacific Dental Care, Rutnin Eye Hospital

Fitness

Siam Strength, Thailand Skydiving Bangkok (Skydiving, Paramotor, Microlight)

Office Buildings

Italthai Tower, National News Bureau of Thailand

Gas

Esso Gas Station

Project Details

Quintara Phume Sukhumvit 39, a low-rise condominium project by Eastern Star, raises the curiosity of many with its diverse portfolio. The answer to the question of what Eastern Star has in its hands is simple: they have both houses and condominiums. This includes projects like Quintara, Amber, Nara 9, Star View, and Breeze, most of which start at around 2 million baht.

The design of Quintara Phume Sukhumvit 39 prioritizes a seamless blend of elegance, personalization, and practicality, even with its placement on a relatively compact land plot. The focus on establishing a harmonious and welcoming living environment is apparent. Additionally, the interiors of the units are thoughtfully crafted to maximize space, ensuring a serene atmosphere.

The project itself features two low-rise buildings within 2-2-0 rai of plot area and a total of 323 residential units (158 units in Building A and 165 units in Building B). The following are the two types of units available to choose from:

• 1-Bedroom: 28-45 sqm.
• 2-Bedroom: 54-64 sqm.

Facilities

• Garden

The project's garden is located on the fourth floor of the building, featuring green space designed in a stepped staircase style. Within the garden, there are various seating areas strategically placed near the balconies, providing relaxing spots for residents to unwind after a long day at work.

• Swimming Pool

Once again located on the fourth floor is the swimming pool, specifically situated in Building A. The long swimming pool features both a jet pool section and the main swimming area.

• Co-Working/E-Library

Those in need of a workspace will find this area perfect, thanks to numerous seating areas inside. Additionally, it provides a tranquil atmosphere, making it an ideal environment for work.

• Fitness

And finally we have the fitness center. While not particularly high-ceilinged, the fitness center is equipped with various fitness equipment to cater to all your exercise needs.

Parking Capacity

Quintara Phume Sukhumvit 39 features parking spaces inside and around the building, culminating in around a sum total parking capacity of 107 cars (which translates to 53%*).

*This does not include double-parking.

Highlights

• Optimal space utilization: Despite the long and narrow layout of the project area, effective management ensures that the units feel spacious and inviting.
• Peacefulness: Located in the quiet enclave of Soi Prachan Khadi, a small street away from bustling crowds, the project enjoys a serene and peaceful living environment that is truly hard to believe.

Floor Plans

• 1st Floor

Right in the middle of the first floor is the entrance/exit, featuring a drop-off area, followed by parking spaces to the left and right. Also located in the middle is a small garden between the two buildings.

• 2nd Floor

And the second floor is where we now start to see residential units, with both Buildings A and B featuring a total of 22 units each.

• 3rd Floor

And we see residential units once again on the third floor.

• 4th Floor

And the fourth floor is where we see facilities mixed in with residential units. On this floor, the Building A features a swimming pool and garden while Building B features a small garden.

• 5th Floor

Going back to featuring just units is the 5th floor, with 21 units in Building A and 22 units in Building B

• 6th Floor

Sharing the same floor layout as its predecessor, the 5th floor, is the 6th floor.

• 7th Floor

Once again sharing the same floor layout as the previous floor is the 7th floor.

• 8th Floor

Also sharing the same floor layout as the previous floor is the 8th floor.

• Rooftop

This floor does not feature much but makes up for it with its inclusion of a small field.

Types of Units

1-Bedroom

Unit Plan: Type 1A – 28 sqm.

Introducing the 1-bedroom unit, starting at a standard size of 28 square meters, which sets the foundation for the unit types in this project.

Upon entrance, you will first find the living area with ample space for a sofa and dining table. Move onto the right and you will find the closed kitchen area, located nearby the bathroom and balcony. The bedroom itself is shielded by a pair of sliding doors and features ample space to house a bed and closet.

Other 1-Bedroom unit plans

2-Bedrooms

Unit Plan: Type 1A – 28 sqm.

And finally, starting at 43 square meters in size, is the 2-bedroom unit.

Upon entrance is the living area, not only featuring ample space for run of the mill living room furniture of any kind, but also ample space for a dining table with four seats. Located in front of the entrance is the closed kitchen area.

As the name implies, this unit type features two bedrooms. The bedrooms feature slide doors, a bed and closet within, while the larger of the two bedrooms feature a 2-access bathroom.

Other 2-bedroom unit plans

Price (As of June 2023**)

Sales Price

• Average starting price: 92,500 baht/sqm.*
• Starting price: 2.5M baht.

Common Fees and Sinking Funds

• Common Fees: 50 baht/sqm.
• Sinking Fund: 500 baht/sqm.

**Please be aware that the mentioned prices were accurate at the time of gathering up information for this review, actual prices may vary since.

Final Verdict

In conclusion, Quintara Phume Sukhumvit 39 stands out as a low-rise project nestled in the peaceful Soi Prachan Khadi, offering a serene and elegant living experience. The cozy design and smart space utilization demonstrate the developers' commitment to creating a comfortable and functional environment. Additionally, the project's prime location provides residents with convenient access to nearby areas such as Sukhumvit 49, Thonglor, and the backside of Petchaburi Road. With its tranquil ambiance and convenient amenities, Quintara Phume Sukhumvit 39 is a remarkable choice for those seeking a harmonious and well-connected living space.

Click the links below if you are interested in buying or renting a unit at Phrom Phong's ever-peaceful low-rise haven of Quintara Phume Sukhumvit 39:

Click the links below if you are interested in other properties within Phrom Phong:

Embarking on the journey of entrepreneurship can be both exciting and challenging, especially for those venturing into business as solopreneurs without a dedicated team. As you take your first steps in building your startup or small business, you may find yourself pondering some crucial questions. Can you register your company using a residential address, such as a condominium? Is it possible to use a condominium unit as an office space for company registration? And, most importantly, can you register your business as a company or a commercial entity? In this informative blog post, PropertyScout is here to shed light on these inquiries and provide valuable guidance to aspiring business owners navigating the registration process.

What type of premises do new entrepreneurs typically use to register their companies?

When starting a business, it's crucial to register as a commercial entity or company and have a dedicated office or business address. Many new entrepreneurs and startups opt to use their residential premises as their business location for registration. However, if the property is a standalone house without any specific association, there might be additional signboard taxes and house taxes to consider, but registration is still possible.

Can a residential condominium unit be registered for commercial purposes or used as an office?

What if entrepreneurs like us reside in an apartment or condominium? Can we still register a company? Let's now delve into finding the answers.

The Legalities

According to the Ministry of Commerce, individuals who own the property rights, whether it's a house or condominium, can use it as a registered or commercial condominium location. However, proportional allocation of space is required. If someone is not the owner or lessee of the property, they would need to seek permission from the owner or legal entity to use it as a registered location or verify the lease agreement's terms and conditions beforehand to ensure feasibility.

In addition, relevant information regarding the ownership of condominium units states that even though individuals have ownership rights over their personal property, they have the right to use and enjoy the property according to civil and commercial laws, including Article 1135. However, owners must be cautious in their actions concerning their personal property, as it may impact the structural stability, damage prevention measures, or other regulations specified in the bylaws. Therefore, business owners need to review whether the contract contains any prohibitions or regulations regarding the use of the condominium unit as an office space for their company.

Furthermore, let's refer to the Condominium Act 2008 (amended version) that came into effect on July 4, 2008. This act replaced the previous Condominium Act of 1979, specifically addressing the provisions in Section 17/1, which states that...

• "In the case of allocating space within a condominium for commercial activities, a system for access and egress must be arranged specifically to avoid disturbing the normal living conditions and well-being of other co-owners."
• "No person shall engage in commercial activities within a condominium unless it is conducted within a designated area of the condominium as determined in a specific period."

As you can see, it is evident from the Condominium Act that using residential units for commercial purposes is strictly prohibited, except for designated areas specifically allocated for such activities.

Furthermore, if we combine the provisions of Section 17/1 of the Condominium Act with Section 65, which addresses the use of residential units for commercial purposes, owners or occupants found guilty of using residential units for commercial activities may be subject to a fine of up to 50,000 Baht and a daily fine not exceeding 5,000 Baht as long as the violation continues.

So.... is a business or company registration at your condo possible?

To conclude, when residing in or renting a condominium unit for residential purposes, it is crucial to thoroughly examine the project's regulations or lease agreement for any restrictions or guidelines. The possibility of registering a company should be assessed accordingly. Additionally, tenants must inform the building owner if they intend to utilize the unit for commercial purposes, provided that the rented or owned space permits such activities. However, it is important to note that conducting business in areas designated for residential use is strictly prohibited by both the Condominium Act and the Building Control Act, leading to legal violations.

Looking for a dream condo to repurpose as a home office for the best prices possible? Let PropertyScout help you find your dream condo today!